CrowdStrike dominated analyst activity Thursday. Three firms raised their price targets in rapid succession. UBS moved from $525 to $790. Citigroup lifted to $780 from $525. Macquarie set a $660 target. The consensus target jumped to $684 from $571. All three kept buy or hold ratings.
The moves follow CrowdStrike's latest earnings beat. The cybersecurity giant carries a $190 billion market cap. Short interest sits at just 2.97% of free float. Bears have little grip here.
Fair Isaac drew an upgrade from the consensus view. Its average target price nudged to $1,528 from $1,532. FICO's short interest runs at 8.9% of free float — elevated for a $27 billion company.
Ciena saw its consensus target rise to $488 from $477. The networking firm has ballooned to an $88 billion market cap. Analysts grew more bullish after strong quarterly numbers.
Ulta Beauty took a hit. Citigroup's Steven Zaccone cut his target to $560 from $600. The rating stayed at Hold. Medtronic also faced a trim. UBS lowered its target to $85 from $90, maintaining a Hold stance.
Broadcom received a small cut too. UBS trimmed to $485 from $490. The Buy rating held firm despite the modest reduction.
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